<p>This review explores the emerging applications of low-frequency magnetic fields (LFMFs) and magnetic nanoparticles (MNPs) in the field of biomedicine, including in cancer treatment, controlled drug delivery, proliferation of cells, and wound healing. LFMFs, which may be found in both natural and manmade sources, have the ability to penetrate objects and may have physiological consequences. In addition, magnetic nanoparticles with low frequencies display a sensitive reaction to magnetic fields from outside sources. This presents opportunities for precise drug administration, imaging, and hyperthermia treatment in a range of biological applications. The use of precise drug delivery and controlled release mechanisms in cancer therapy, as well as the application of magnetic fields to accelerate tissue regeneration in wound healing, are advantageous for these medical treatments. In addition, this study examines the importance of liposome release and permeability in improving the availability and specificity of drugs. The authors expect that this study will provide valuable guidance to scholars in strategizing their next investigations in the same realm.</p>